Introducing Zimvest Referral Feature

It’s nice to make money on the side, but imagine making it in dollars.

Refer your friends, earn USD in return.

Yes, you read right! Now you can refer your friends and family to Zimvest and earn a referral bonus in USD when they sign up with your unique referral code.

We’re excited about the launch of our referral feature, and the purpose of this post is to inform you about how it works.

Without wasting time, let’s get to it –

How to earn a referral bonus

When someone signs up to Zimvest using your unique referral code and makes a deposit of at least N50,000 or $100, you will receive a $1 referral bonus, which will be displayed on your dashboard. Your referral bonus will be deposited into your Zimvest Dollar Wallet once your referral earnings amount to $10, and you will be able to withdraw it.

What this means is that the minimum amount anyone who signs up with your unique referral code has to deposit for you to earn a referral bonus is N50,000/$100.

Your referral can make the deposit as a lump sum of N50,000/$100 or in small amounts until the N50,000/$100 minimum requirement is met.

 

How to earn monthly commission:

You will earn a monthly commission of 0.25% (per annum) on the investments made by all your referrals for up to one year after their initial investment.

The commissions will accrue daily and will be credited to your Naira or Dollar wallet on the last day of every month for up to 12 months after the initial investment by your referral.

However, a 5% tax on your monthly commission will be deducted from your wallet once the commission has been paid.

Joy will earn a monthly commission of 0.25 percent p.a. on the sum of all investments made by Chuks for up to one year after Chuks’ initial investment.

How to view your referrals

  • Tap ‘Show details’ on the referral page
  • Tap ‘Show list of referrals’ to show all your referrals

You can categorize your referrals into those who have met the minimum requirement and those who haven’t.

This makes it easier for you to identify the referral(s) that have not made a minimum deposit. 😉

Commission rates

  • High Yield, Aspire & Wealth-box: 0.25% p.a. on investment amount; commission of 0.25% (per annum) on the total amount of the referred user’s savings portfolio will be amortized daily and paid monthly to the referrer.
  • Long-Term Fixed Income Instruments: 0.25% p.a. applied on face value; commission of 0.25% (per annum) on the total amount of the referred user’s term instruments portfolio will be amortized daily and paid monthly to the referrer.
  • Short-Term Fixed Income Instruments: 0.25% p.a. applied on face value; commission of 0.25% (per annum) on the total amount of the referred user’s term instruments portfolio will be amortized daily and paid monthly to the referrer.

Things to note 

  • A referral bonus of $1 will be paid into the referrer’s dollar account when someone signs up via their referral code and meets the minimum initial requirement
  • A referrer will receive a notification when a referral has signed up using their referral code/link
  • The referred user must make a deposit of at least N50,000 (for Naira deposits) or $100 (for Dollar deposits) as a minimum initial requirement.
  • The referred user can make deposits as a lump sum of N50,000/$100 or make deposits in small amounts until it reaches the N50,000/$100 minimum requirement.
  • A 5% withholding tax is applicable on all your earnings (Referral bonus and monthly commission)
  • The commission will be calculated on a daily basis at the close of each day.
  • The commission will be paid to the referrer’s Naira or Dollar wallet on the last day of every month for up to 12 months after the initial investment.Get the ZimvestApp now on Google Play Store or iOS App Store